Operations Specialist - DTC Settlements

Brown Brothers Harriman • Jersey City, NJ

1d • $50,000 - $60,000

About The Position

The Operations Specialist – DTC Settlements performs specialized functions within Trade Processing, including processing and settling security trades at the Depository Trust Company (DTC). The work includes trade settlement, SPO processing, client communication, and reconciliation for custody accounts. The role manages daily volumes and deadlines, verifies trade details, resolves discrepancies, communicates with clients and counterparties, and contributes to management reporting and process improvement.

Requirements

• BA/BS degree or equivalent work experience.
• Demonstrated PC skills.
• Ability to identify, escalate, and resolve problems.
• Effective professional verbal and written communication skills.
• Ability to manage time efficiently and effectively.
• Organizational skills and attention to detail.
• Ability to multitask.
• Ability to work in a team environment.
• Ability to meet deadlines and work under pressure.

Responsibilities

• Process deliver and receive orders settling with other brokers and banks, including equities, corporate fixed income, and commercial paper trades clearing through DTC for custody accounts, while meeting daily deadlines.
• Verify trade information against broker presentations received from clients through the Sonic system, including account number, quantity, and CUSIP.
• Manage daily transaction volume.
• Review and resolve discrepancies in order information, including DTC reclaims.
• Escalate high-value problem trades to management.
• Communicate professionally and constructively with internal and external clients and counterparties by email, phone, and other channels to resolve issues and minimize risk and exposure.
• Provide superior client service and communicate as part of a team.
• Contribute to management reporting, including providing statistics on work volumes.
• Improve individual productivity and gain efficiencies.
• Understand how the specific function affects the firm.
• Contribute to division or firm process-improvement activities.

Benefits

• The company describes a total rewards package that includes long-term savings, healthcare, income protection, professional development opportunities, and time off.
• Discretionary bonuses and profit-sharing are part of the compensation program.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level